The risk-on trade since November could bolster Fed Chair Powell's hawkish resolve at this week's key policy meeting, strategist says

Dec 12 2022 by Business Insider

 
Federal Reserve Chair Jerome Powell.

Win McNamee/Getty Images

The rise in stocks since the Fed's November meeting will bolster a hawkish stance from the Fed, according to the CEO of Quill Intelligence.  In focus will be which Powell shows up at the press conference this week - the "scripted dove" or the hawk.  The S&P 500 has risen about 2% since the November FOMC meeting. 

The march higher in stocks since the Federal Reserve's meeting last month will bolster Federal Reserve Jerome Powell's...

Continue Reading The risk-on trade since November could bolster Fed Chair Powell's hawkish resolve at this week's key policy meeting, strategist says